The lawyers smell blood so jump on for what the court will combine all in to a single class action. The claim covers a brief time frame. The class action has to prove that MCP management purposely hid facts from the shareholders presumably to manipulate the price of the stock. JMO ... The #$%$ sucking ambulance chasing lawyers are wasting their time. If it weren't for their greedy game the stock would be trading higher today.
I'm sure MCP management will solve this problem soon.
Sentiment: Strong Buy
Kua: Lawyers robbing State
The National, Friday September 6th, 2013
LAWYERS have defrauded the Government of an estimated K1 billion in the past six years, according to Attorney-General and Justice Minister Kerenga Kua.
Kua told a PNG Law Society seminar in Port Moresby on Ethics and court etiquette that lawyers were using their skills, education and knowledge to steal from the country.
Kua was, until the 2012 general elections, a principal of law firm Posman, Kua, Aisi Lawyers.
He said of the 1,100 registered lawyers (there are many more who do not hold practising certificates), a few were failing the rules of ethics or professional conduct in such a serious way so as to bring serious disrepute to the legal profession.
“I don’t want to pluck figures out of the blue. But I think in the last six years or so, lawyers would have been involved and assisted in committing fraud against the State that could be easily be estimated close to K1 billion,” he said.
“That’s a lot of money and that reflects very badly on our profession.
“That is a matter of concern to me and I’m sure it is of concern to each and every one of you.
“We are supposed to be the people who are supposed to understand the law and understand the rules.
“We are supposed to be the people to guide and advise everybody else in proper behaviour and proper conduct which is legal, ethical morally and legally,” Kua said.
Kua, who at one point was the lead lawyer in the O’Neill/Somare standoff, warned that the Government was serious about clamping down on the “fraud evaded, abetted and engineered” by lawyers.
Kua said in the next few days, weeks and months the Government would be moving to clean up the landscape, so that “we don’t use our skills, education and the knowledge that we acquired through investment by our own people through the use of their money”.
“We have been given a very good education to earn a good life but we use it to steal from them again.
“That does not make sense to me,’ he sai
Where is that crush of naked short sellers rushing to cover freddie's botd actions promised?
urns out freddie was either lying in an attempt to calm true believer fears or incompetent believing the 2Q13 company performance and financial troubles revealed were not the cause of the sell off
VeriFone fundamentals continue to deteriorate, says Deutsche Bank - Deutsche Bank says VeriFone's fundamentals deteriorated further in Q3 and reiterates a Sell rating on the stock with a $13 price target. The firm says VeriFonereported double-digit negative organic growth in all divisions while it continues to lose market share to competitors.
What is best for America?
160% disabled/40% mental service connected
I shoul be
be 40% hard of hearing too
(the future tense of IS/ to be)
\wait until Congress votes
\scattered like flies they did
but not not back to Iraq
only to Russia/
the facts/jack/stay out of which you not know
- MSHA report with no issues
- rising when everyone else in the sector was falling
- insider buying by key people including CEO, CFO, BOD
- no bad news out from the company and being in the "dewatering" stage
- comments from CEO about rehiring
- shorts covered all their positions
- large holders never sold any
- stupid inane comments from those not in
This will fill the gap to $1.23 and probably make it back to $1.40 were it was before the May 23 news was evident. After reopen news, will probably rise another 50c and then slowly make its way back to $3. It was $3.5 before all this happened but they will be down about $18M in cash from that point
On really no news
24 June traded as low as $23.01
5 Sep closed at $50.91 that is my friends an increase of 121% in the stock price,manipulation?probably! am i comfortable shorting this stock at this level ?Absolutely!
Would I be uncomfortable owning this stock at this level?absolutely
Proverbs 14:34 Righteousness exalteth a nation: but sin is a reproach to any people.
Show me a country without morals and you will see a country going down.
The USA has had plenty of crooks but we HAVE HAD a majority of people that wanted to do right until recent years. The decay has begun to show , at school, at marriage, at home, in politics, in local government & law.
We need good MORAL people as leaders in catagories (not democrats or republicans).
waiting for this moment for almost 5 years. I got in at 10, 9, 8,7,6,5,4,3.2 and 1.9,1.8.,1.7,1.6
Finally the direction is change, Start to sold at 2.5, 2.7 and along the way.
Cannot believe the stock which bought at Sep 2008 still lost money.